📈 EconomyUPSC 2008Fundamentals of Economy

Which of the following pairs about India’s economic indicator and agricultural production (all in rounded figures) are correctly matched?1. GDP per capita (current prices) : 37,0002. Rice : 180 million tons3. Wheat : 75 million tonsSelect the correct answer using the code given below:Codes:

a1, 2 and 3
b1 and 2 only
c2 and 3 only
d1 and 3 only
✓ Correct answer: d) 1 and 3 only
ExplanationPair 1 is correct : According to the “Press Note on Advance Estimates of National Income, 2008-09” released by the Ministry of Statistics and Programme Implementation (MoSPI), the per capita income at current prices during 2008-09 was estimated to be ₹38,084. Therefore, the figure of ₹37,000 is approximately correct.Pair 2 is incorrect : As per the “Agricultural Statistics at a Glance 2008” published by the Ministry of Agriculture & Farm- ers Welfare, Government of India, the production of rice during the 2006-07 crop year was approximately 93.35 million tons.Thus, the figure of 180 million tons is significantly higher than the actual production during that period.Pair 3 is correct : As per the “Agricultural Statistics at a Glance 2008” published by the Ministry of Agriculture & Farmers Wel- fare, wheat production during the 2006-07 crop year was around 75.80 million tons.Therefore, the figure of 75 million tons is ap- proximately correct.57

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